Grayscale Bitcoin Trust (GBTC)

[Tenured]

The technical bottom is a little over $8k. But I'm thinking it will pick back up. People forget that nov/dec Saw the number of new investors go ballistic. Those people who jumped on the bandwagon are jumping off in a panic. I understand it as most likely didn't know what they were getting into. Those gbtc people who are really long (got into between $100-1000) are holding strong. Those that got in later and lost are now watching for a reentry point. A new price will bring in a plethora of new investors. Now coins will also continue to be developed and most of those require bitcoin to trade. The biggest move of bitcoin is yet to come. What will be interesting is how gbtc moves at the new price.